By Connor Hart

Steel Dynamics reported higher profit and sales in the fourth quarter, boosted by improving market conditions across the steel industry.

The steel producer on Monday posted a profit of $266 million, up from $207.3 million a year earlier. Quarterly earnings of $1.82 a share topped the $1.70 a share that analysts surveyed by FactSet expected.

Net sales jumped 14% to $4.41 billion but missed the $4.55 billion that Wall Street modeled.

The Fort Wayne, Ind., company shipped 3.3 million tons of steel during the quarter, resulting in what it called a record 13.7 million tons of steel shipments for the year.

Chief Executive Mark Millett said imports declined from the elevated levels experienced during the first half of the year.

"We are seeing an improved flat rolled steel market environment, supported by domestic trade actions, manufacturing onshoring, infrastructure program funding, lower interest rates, and the increasing regionalization of supply chains in the U.S.," he said.

Looking forward, Millett said Steel Dynamics expects to continue to benefit from improving market conditions and more favorable steel pricing. "Customer optimism remains solid across our businesses, as demand continues to be steady," he said.

Shares were up 1.1% to $183.37 in premarket trading.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

January 26, 2026 07:30 ET (12:30 GMT)

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